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One Person Company

One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorships and entrepreneurs who can enjoy the advantages of limited liability and the benefit of separate legal entity as well.

Advantages

Limited Liability

If the company experiences financial distress because of normal business activity, the personal assets of shareholders will not be seized by creditors.

Quick Decision Making

Being the only owner, you have full control over the entity. Furthermore, the advantage of faster decision making will help your business grow.

Easy To Get Loans

Get loans at a lower rate of Interest, funding without any security from banks, and various benefits under Foreign Trade Policy and many other as well.

Process

All the Proposed Director(s) are required to obtain a DSC which is required to obtain DIN

We help you upload all the required documents for the One Person Company Registration.

FAQs

Minimum director in an OPC can be one and maximum 15. If an OPC wants to appoint more than 15 directors then special resolution has to be passed at Board Meeting.

Can a member of an OPC be a director at the same time?

Yes, Member and director can be a same person

How to incorporate an OPC?

It is very easy to incorporate OPC by filing only one integrated Form INC-29 with MCA.

What is the amount of capital required to start an OPC?

As per Companies Act, 2013 OPC can be registered with any amount of capital as per the requirement of the promoter.

Is it necessary to use any prefix or suffix in name of a OPC?

The proposed name of the company shall end with (OPC) Private Limited. Example: XYZ (OPC) Private Limited.

Can a Residential House be the registered office of an OPC?

Yes, registered office of an OPC can be a residential house subject to local municipality laws. There is also no such restriction from company law.

How can a person be a Director?

To be a Director a person has to apply for DSC first and once DSC is made then a person can apply for DIN.

Who can be a member in OPC?

Only a natural person who is an Indian citizen and resident in India, i.e., a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one calendar year shall be eligible to incorporate a One Person Company and a nominee for the sole member of a One Person Company.
{Rule 3(1) of Companies Incorporation, Rules 2014}

I am totally impressed with your team or company's professionalism. The way you handled every query, response, turnaround time even the way that incorporation file is prepared. And I am glad to tell you that I am inspired by your professionalism.

Kunal PanwarDirector-Crave Talent Management OPC

"Words can express, but the attitude and initiatives on your part to understand client's requirement and acting with speedy process requires tremendous mindset to satisfy the client. This is one thing which we wish appreciate. Continuity in good service is the key in maintaining the relationship, and it is the key to success and Filingenie seems to have that with exemplary ease. This is to express our sincere thanks to you over our relationship."

Raj KarnikMD- Iris Mediaworks Limited

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About Filingenie

Our service gamut includes a varied range of advisory and assurance products specifically designed to meet and assist an organization in all its decision making processes ranging from incorporating a new Company to undertaking corporate advisory and structuring/re-structuring activities.